TRIUMPH AND BOEING RESTRUCTURE AND EXTEND SYSTEMS CONTRACTS

BERWYN, Pa. – May 18, 2021 – Triumph Group [NYSE:TGI] announced today that it has secured multiple contract extensions with Boeing Commercial Airplanes, which will extend their collaboration on critical system components. The agreements extend Triumph’s position as a top tier supplier of hydraulic components across multiple Boeing programs. The contracts highlight Triumph’s strategic focus on high-value systems offerings including actuation, hydraulic and fueling systems, geared solutions, as well as maintenance, repair and overhaul offerings, and demonstrate Triumph’s progress in improving operational execution and reshaping its portfolio around proprietary solutions.